Canada Elections Act
Marginal note:Effective date of merger
Marginal note:Consequences of merger
(2) On the merger of two or more registered parties,
(a) the merged party is the successor of each merging party;
(b) the merged party becomes a registered party;
(c) the assets of each merging party belong to the merged party;
(d) the merged party is responsible for the liabilities of each merging party;
(e) the merged party is responsible for the obligations of each merging party to report on its financial transactions and election expenses for any period before the merger took effect;
(f) the merged party replaces a merging party in any proceedings, whether civil, penal or administrative, by or against the merging party; and
(g) any decision of a judicial or quasi-judicial nature involving a merging party may be enforced by or against the merged party.
Marginal note:Effect of merger on registered associations
(3) On the merger of registered parties, any registered association of a merging party is deregistered and, despite paragraph 403.01(c), may transfer goods or funds to the merged party or a registered association of the merged party in the six months immediately after the merger. Any such transfer is not a contribution for the purposes of this Act.
- 2000, c. 9, s. 402;
- 2003, c. 19, s. 22.
- Date modified: